Mullery Stephen P

SEC source: 0000845877-20-000101 · wf-form4_158586241609204.xml · nonDerivative · entry 1

Mullery Stephen P · CIK 0001551864 · EVP - General Counsel

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 17,242

F1 · shares: On March 31, 2020, (i) 894 shares of restricted stock vested that were granted in March 2017, upon the Federal Agricultural Mortgage Corporation's ("Farmer Mac") achievement of certain performance objectives related to portfolio charge-offs and delinquencies, as specified in the related award agreement, for which Farmer Mac retained 432 shares to satisfy withholding requirements, (ii) 597 shares of restricted stock vested as the third installment of the time-based award granted in March 2017, for which Farmer Mac retained 288 shares to satisfy withholding requirements, (iii) 436 shares of restricted stock vested as the second installment of the time-based award granted in March 2018, for which Farmer Mac retained 211 shares to satisfy withholding requirements, and (iv) 527 shares of restricted stock vested as the first installment of the time-based award granted in February 2019, for which Farmer Mac retained 255 shares to satisfy withholding requirements.

F2 · price: In accordance with a policy adopted by the Compensation Committee of Farmer Mac's Board of Directors, the price used for the calculation of the number of shares withheld by Farmer Mac in satisfaction of tax liability is the closing price of Farmer Mac's Class C Non-Voting Common Stock on the New York Stock Exchange on the last trading day before the vesting date.

F3 · balance_after: Includes 5,363 shares of unvested restricted stock previously granted pursuant to Farmer Mac's Amended and Restated 2008 Omnibus Incentive Plan. The grants of restricted stock have been described in detail in Farmer Mac's prior filings with the Securities and Exchange Commission.

SEC source: 0000845877-20-000068 · wf-form4_158345778946501.xml · derivative · entry 3

Mullery Stephen P · CIK 0001551864 · EVP - General Counsel

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 4,428

Underlying: Class C Non-Voting Common Stock · 4,428 shares

Expires 2030-03-03

F6 · price: Grant of stock appreciation rights under Farmer Mac's 2008 Amended and Restated Omnibus Incentive Plan for no consideration.

F5 · derivative.exercise_date: Exercisable beginning March 31, 2021 with respect to 1,476 shares, beginning March 31, 2022 with respect to 1,476 shares, and beginning March 31, 2023 with respect to 1,476 shares.

SEC source: 0000845877-20-000068 · wf-form4_158345778946501.xml · nonDerivative · entry 2

Mullery Stephen P · CIK 0001551864 · EVP - General Counsel

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 18,428

F3 · shares: This is the target amount of performance-based restricted stock units granted on March 03, 2020 under Farmer Mac's Amended and Restated 2008 Omnibus Incentive Plan for no consideration, which will be available if certain criteria is met at the end of the performance cycle on December 31, 2022. The restricted stock units will vest on March 31, 2023 if Farmer Mac meets certain performance objectives related to business volume, as specified in the related award agreement, for the period starting on January 1, 2020 and ending on December 31, 2022, subject to "gatekeepers" related to compliance with regulatory capital requirements and specified asset quality metrics.

F4 · shares: Any adjustments to the target award will be reported at the time of the actual determination of performance as compared to the applicable threshold. In no event, however, will the number of restricted stock units exceed 200% of the number of restricted stock units of the target award.

F3 · price: This is the target amount of performance-based restricted stock units granted on March 03, 2020 under Farmer Mac's Amended and Restated 2008 Omnibus Incentive Plan for no consideration, which will be available if certain criteria is met at the end of the performance cycle on December 31, 2022. The restricted stock units will vest on March 31, 2023 if Farmer Mac meets certain performance objectives related to business volume, as specified in the related award agreement, for the period starting on January 1, 2020 and ending on December 31, 2022, subject to "gatekeepers" related to compliance with regulatory capital requirements and specified asset quality metrics.

F2 · balance_after: Includes 5,388 shares of unvested restricted stock previously granted pursuant to Farmer Mac's Amended and Restated 2008 Omnibus Incentive Plan. The grants of restricted stock units have been described in detail in Farmer Mac's prior filings with the Securities and Exchange Commission.

SEC source: 0000845877-20-000068 · wf-form4_158345778946501.xml · nonDerivative · entry 1

Mullery Stephen P · CIK 0001551864 · EVP - General Counsel

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 17,619

F1 · price: Grant of shares of time-vested restricted stock units of the Federal Agricultural Mortgage Corporation's ("Farmer Mac") Class C Non-Voting Common Stock under the Amended and Restated 2008 Omnibus Incentive Plan for no consideration. Includes three installments of 540 shares of restricted stock units, each of which will vest on March 31, 2021, March 31, 2022, and March 31, 2023, respectively.

F2 · balance_after: Includes 5,388 shares of unvested restricted stock previously granted pursuant to Farmer Mac's Amended and Restated 2008 Omnibus Incentive Plan. The grants of restricted stock units have been described in detail in Farmer Mac's prior filings with the Securities and Exchange Commission.

SEC source: 0000845877-19-000080 · wf-form4_155423743269797.xml · nonDerivative · entry 1

Mullery Stephen P · CIK 0001551864 · EVP - General Counsel

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 15,999

F1 · shares: On March 31, 2019, (i) 1,626 shares of restricted stock vested that were granted in March 2016, upon the Federal Agricultural Mortgage Corporation's ("Farmer Mac") achievement of certain performance objectives related to capital and portfolio charge-offs and delinquencies, as specified in the related award agreement, for which Farmer Mac retained 786 shares to satisfy withholding requirements, (ii) 1,082 shares of restricted stock vested as the third installment of the time-based award granted in March 2016, for which Farmer Mac retained 523 shares to satisfy withholding requirements, (iii) 597 shares of restricted stock vested as the second installment of the time-based award granted in March 2017, for which Farmer Mac retained 288 shares to satisfy withholding requirements, and (iv) 436 shares of restricted stock vested as the first installment of the time-based award granted in March 2018, for which Farmer Mac retained 210 shares to satisfy withholding requirements.

F2 · price: In accordance with a policy adopted by the Compensation Committee of Farmer Mac's Board of Directors, the price used for the calculation of the number of shares withheld by Farmer Mac in satisfaction of tax liability is the closing price of Farmer Mac's Class C Non-Voting Common Stock on the New York Stock Exchange on the last trading day before the vesting date.

F3 · balance_after: Includes 5,388 shares of unvested restricted stock previously granted pursuant to Farmer Mac's Amended and Restated 2008 Omnibus Incentive Plan. The grants of restricted stock have been described in detail in Farmer Mac's prior filings with the Securities and Exchange Commission.

SEC source: 0000845877-19-000060 · wf-form4_155147598763310.xml · derivative · entry 4

Mullery Stephen P · CIK 0001551864 · EVP - General Counsel

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 3,309

Underlying: Class C Non-Voting Common Stock · 3,309 shares

Expires 2029-02-27

F6 · price: Grant of stock appreciation rights under Farmer Mac's Amended and Restated 2008 Omnibus Incentive Plan for no consideration.

F5 · derivative.exercise_date: Exercisable beginning March 31, 2020 with respect to 1,103 shares, beginning March 31, 2021 with respect to 1,103 shares, and beginning March 31, 2022 with respect to 1,103 shares.

SEC source: 0000845877-19-000060 · wf-form4_155147598763310.xml · nonDerivative · entry 3

Mullery Stephen P · CIK 0001551864 · EVP - General Counsel

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 17,806

F4 · price: Grant of shares of performance-based restricted stock under Farmer Mac's Amended and Restated 2008 Omnibus Incentive Plan for no consideration. The shares will vest on March 31, 2022 if Farmer Mac meets certain performance objectives related to portfolio charge-offs and delinquencies, as specified in the related award agreement, for the period starting on January 1, 2019 and ending on December 31, 2021.

F2 · balance_after: Includes 6,758 shares of unvested restricted stock previously granted pursuant to Farmer Mac's Amended and Restated 2008 Omnibus Incentive Plan. The grants of restricted stock have been described in detail in Farmer Mac's prior filings with the Securities and Exchange Commission.

SEC source: 0000845877-19-000060 · wf-form4_155147598763310.xml · nonDerivative · entry 2

Mullery Stephen P · CIK 0001551864 · EVP - General Counsel

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 17,411

F3 · price: Grant of shares of performance-based restricted stock under Farmer Mac's Amended and Restated 2008 Omnibus Incentive Plan for no consideration. The shares will vest on March 31, 2022 if Farmer Mac maintains compliance with all applicable regulatory capital requirements between January 1, 2019 and December 31, 2021, with the percentage of shares that will vest to be determined by the Compensation Committee of Farmer Mac's Board of Directors.

F2 · balance_after: Includes 6,758 shares of unvested restricted stock previously granted pursuant to Farmer Mac's Amended and Restated 2008 Omnibus Incentive Plan. The grants of restricted stock have been described in detail in Farmer Mac's prior filings with the Securities and Exchange Commission.

SEC source: 0000845877-19-000060 · wf-form4_155147598763310.xml · nonDerivative · entry 1

Mullery Stephen P · CIK 0001551864 · EVP - General Counsel

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 17,016

F1 · price: Grant of shares of time-vested restricted stock under the Federal Agricultural Mortgage Corporation's ("Farmer Mac") 2008 Amended and Restated Omnibus Incentive Plan for no consideration. Includes three installments of 527 shares of restricted stock that will each vest on March 31, 2020, March 31, 2021, and March 31, 2022, respectively.

F2 · balance_after: Includes 6,758 shares of unvested restricted stock previously granted pursuant to Farmer Mac's Amended and Restated 2008 Omnibus Incentive Plan. The grants of restricted stock have been described in detail in Farmer Mac's prior filings with the Securities and Exchange Commission.

SEC source: 0000845877-18-000151 · wf-form4_153272692540227.xml · nonDerivative · entry 4

Mullery Stephen P · CIK 0001551864 · EVP - General Counsel

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 15,435

F1 · shares: Transaction effected pursuant to a trading plan adopted by Mr. Mullery in accordance with Rule 10b5-1.

F2 · shares: In connection with the net share settlement of the exercise of 3,000 vested stock appreciation rights ("SARs") granted in October 2011 with a grant price of $18.14 per share, Mr. Mullery was entitled to receive 2,448 shares of the Federal Agricultural Mortgage Corporation's ("Farmer Mac") Class C Non-Voting Common Stock. Farmer Mac retained 1,183 shares to satisfy tax withholding requirements arising from the exercise, and 1,265 shares retained by Mr. Mullery were sold on July 27, 2018. The 552 shares reported as a disposition to the issuer of issuer equity securities represents the difference between the number of SARs exercised and the number of shares issuable as a result of the exercise. Each SAR represents the right to receive, upon exercise, the number of shares of Farmer Mac's Class C Non-Voting Common Stock equal to the excess of the fair market value of shares on the exercise date over the grant price.

F3 · balance_after: Includes 6,758 shares of unvested restricted stock previously granted pursuant to Farmer Mac's Amended and Restated 2008 Omnibus Incentive Plan. The grants of restricted stock have been described in detail in Farmer Mac's prior filings with the Securities and Exchange Commission.

SEC source: 0000845877-18-000151 · wf-form4_153272692540227.xml · derivative · entry 5

Mullery Stephen P · CIK 0001551864 · EVP - General Counsel

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 0

Underlying: Class C Non-Voting Common Stock · 3,000 shares

Expires 2021-10-04

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · shares: Transaction effected pursuant to a trading plan adopted by Mr. Mullery in accordance with Rule 10b5-1.

F2 · shares: In connection with the net share settlement of the exercise of 3,000 vested stock appreciation rights ("SARs") granted in October 2011 with a grant price of $18.14 per share, Mr. Mullery was entitled to receive 2,448 shares of the Federal Agricultural Mortgage Corporation's ("Farmer Mac") Class C Non-Voting Common Stock. Farmer Mac retained 1,183 shares to satisfy tax withholding requirements arising from the exercise, and 1,265 shares retained by Mr. Mullery were sold on July 27, 2018. The 552 shares reported as a disposition to the issuer of issuer equity securities represents the difference between the number of SARs exercised and the number of shares issuable as a result of the exercise. Each SAR represents the right to receive, upon exercise, the number of shares of Farmer Mac's Class C Non-Voting Common Stock equal to the excess of the fair market value of shares on the exercise date over the grant price.

F4 · derivative.exercise_date: Exercisable beginning August 31, 2012 with respect to 1,000 shares, beginning August 31, 2013 with respect to 1,000 shares, and beginning August 31, 2014 with respect to 1,000 shares.

SEC source: 0000845877-18-000151 · wf-form4_153272692540227.xml · nonDerivative · entry 3

Mullery Stephen P · CIK 0001551864 · EVP - General Counsel

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 16,700

F1 · shares: Transaction effected pursuant to a trading plan adopted by Mr. Mullery in accordance with Rule 10b5-1.

F2 · shares: In connection with the net share settlement of the exercise of 3,000 vested stock appreciation rights ("SARs") granted in October 2011 with a grant price of $18.14 per share, Mr. Mullery was entitled to receive 2,448 shares of the Federal Agricultural Mortgage Corporation's ("Farmer Mac") Class C Non-Voting Common Stock. Farmer Mac retained 1,183 shares to satisfy tax withholding requirements arising from the exercise, and 1,265 shares retained by Mr. Mullery were sold on July 27, 2018. The 552 shares reported as a disposition to the issuer of issuer equity securities represents the difference between the number of SARs exercised and the number of shares issuable as a result of the exercise. Each SAR represents the right to receive, upon exercise, the number of shares of Farmer Mac's Class C Non-Voting Common Stock equal to the excess of the fair market value of shares on the exercise date over the grant price.

F3 · balance_after: Includes 6,758 shares of unvested restricted stock previously granted pursuant to Farmer Mac's Amended and Restated 2008 Omnibus Incentive Plan. The grants of restricted stock have been described in detail in Farmer Mac's prior filings with the Securities and Exchange Commission.

SEC source: 0000845877-18-000151 · wf-form4_153272692540227.xml · nonDerivative · entry 2

Mullery Stephen P · CIK 0001551864 · EVP - General Counsel

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 17,252

F1 · shares: Transaction effected pursuant to a trading plan adopted by Mr. Mullery in accordance with Rule 10b5-1.

F2 · shares: In connection with the net share settlement of the exercise of 3,000 vested stock appreciation rights ("SARs") granted in October 2011 with a grant price of $18.14 per share, Mr. Mullery was entitled to receive 2,448 shares of the Federal Agricultural Mortgage Corporation's ("Farmer Mac") Class C Non-Voting Common Stock. Farmer Mac retained 1,183 shares to satisfy tax withholding requirements arising from the exercise, and 1,265 shares retained by Mr. Mullery were sold on July 27, 2018. The 552 shares reported as a disposition to the issuer of issuer equity securities represents the difference between the number of SARs exercised and the number of shares issuable as a result of the exercise. Each SAR represents the right to receive, upon exercise, the number of shares of Farmer Mac's Class C Non-Voting Common Stock equal to the excess of the fair market value of shares on the exercise date over the grant price.

F3 · balance_after: Includes 6,758 shares of unvested restricted stock previously granted pursuant to Farmer Mac's Amended and Restated 2008 Omnibus Incentive Plan. The grants of restricted stock have been described in detail in Farmer Mac's prior filings with the Securities and Exchange Commission.

SEC source: 0000845877-18-000151 · wf-form4_153272692540227.xml · nonDerivative · entry 1

Mullery Stephen P · CIK 0001551864 · EVP - General Counsel

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 18,435

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · shares: Transaction effected pursuant to a trading plan adopted by Mr. Mullery in accordance with Rule 10b5-1.

F2 · shares: In connection with the net share settlement of the exercise of 3,000 vested stock appreciation rights ("SARs") granted in October 2011 with a grant price of $18.14 per share, Mr. Mullery was entitled to receive 2,448 shares of the Federal Agricultural Mortgage Corporation's ("Farmer Mac") Class C Non-Voting Common Stock. Farmer Mac retained 1,183 shares to satisfy tax withholding requirements arising from the exercise, and 1,265 shares retained by Mr. Mullery were sold on July 27, 2018. The 552 shares reported as a disposition to the issuer of issuer equity securities represents the difference between the number of SARs exercised and the number of shares issuable as a result of the exercise. Each SAR represents the right to receive, upon exercise, the number of shares of Farmer Mac's Class C Non-Voting Common Stock equal to the excess of the fair market value of shares on the exercise date over the grant price.

F3 · balance_after: Includes 6,758 shares of unvested restricted stock previously granted pursuant to Farmer Mac's Amended and Restated 2008 Omnibus Incentive Plan. The grants of restricted stock have been described in detail in Farmer Mac's prior filings with the Securities and Exchange Commission.

SEC source: 0000845877-18-000141 · wf-form4_152969883424929.xml · nonDerivative · entry 4

Mullery Stephen P · CIK 0001551864 · EVP - General Counsel

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 15,435

F1 · shares: Transaction effected pursuant to a trading plan adopted by Mr. Mullery in accordance with Rule 10b5-1.

F2 · shares: In connection with the net share settlement of the exercise of 5,000 vested stock appreciation rights ("SARs") granted in October 2010 with a grant price of $10.43 per share, Mr. Mullery was entitled to receive 4,453 shares of the Federal Agricultural Mortgage Corporation's ("Farmer Mac") Class C Non-Voting Common Stock. Farmer Mac retained 2,151 shares to satisfy tax withholding requirements arising from the exercise, and 2,302 shares retained by Mr. Mullery were sold on June 22, 2018. The 547 shares reported as a disposition to the issuer of issuer equity securities represents the difference between the number of SARs exercised and the number of shares issuable as a result of the exercise. Each SAR represents the right to receive, upon exercise, the number of shares of Farmer Mac's Class C Non-Voting Common Stock equal to the excess of the fair market value of shares on the exercise date over the grant price.

F3 · balance_after: Includes 6,758 shares of unvested restricted stock previously granted pursuant to Farmer Mac's Amended and Restated 2008 Omnibus Incentive Plan. The grants of restricted stock have been described in detail in Farmer Mac's prior filings with the Securities and Exchange Commission.

SEC source: 0000845877-18-000141 · wf-form4_152969883424929.xml · derivative · entry 5

Mullery Stephen P · CIK 0001551864 · EVP - General Counsel

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 0

Underlying: Class C Non-Voting Common Stock · 5,000 shares

Expires 2020-10-01

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · shares: Transaction effected pursuant to a trading plan adopted by Mr. Mullery in accordance with Rule 10b5-1.

F2 · shares: In connection with the net share settlement of the exercise of 5,000 vested stock appreciation rights ("SARs") granted in October 2010 with a grant price of $10.43 per share, Mr. Mullery was entitled to receive 4,453 shares of the Federal Agricultural Mortgage Corporation's ("Farmer Mac") Class C Non-Voting Common Stock. Farmer Mac retained 2,151 shares to satisfy tax withholding requirements arising from the exercise, and 2,302 shares retained by Mr. Mullery were sold on June 22, 2018. The 547 shares reported as a disposition to the issuer of issuer equity securities represents the difference between the number of SARs exercised and the number of shares issuable as a result of the exercise. Each SAR represents the right to receive, upon exercise, the number of shares of Farmer Mac's Class C Non-Voting Common Stock equal to the excess of the fair market value of shares on the exercise date over the grant price.

F4 · derivative.exercise_date: Exercisable beginning August 31, 2011 with respect to 1,667 shares, beginning August 31, 2012 with respect to 1,667 shares, and beginning August 31, 2013 with respect to 1,666 shares.

SEC source: 0000845877-18-000141 · wf-form4_152969883424929.xml · nonDerivative · entry 3

Mullery Stephen P · CIK 0001551864 · EVP - General Counsel

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 17,737

F1 · shares: Transaction effected pursuant to a trading plan adopted by Mr. Mullery in accordance with Rule 10b5-1.

F2 · shares: In connection with the net share settlement of the exercise of 5,000 vested stock appreciation rights ("SARs") granted in October 2010 with a grant price of $10.43 per share, Mr. Mullery was entitled to receive 4,453 shares of the Federal Agricultural Mortgage Corporation's ("Farmer Mac") Class C Non-Voting Common Stock. Farmer Mac retained 2,151 shares to satisfy tax withholding requirements arising from the exercise, and 2,302 shares retained by Mr. Mullery were sold on June 22, 2018. The 547 shares reported as a disposition to the issuer of issuer equity securities represents the difference between the number of SARs exercised and the number of shares issuable as a result of the exercise. Each SAR represents the right to receive, upon exercise, the number of shares of Farmer Mac's Class C Non-Voting Common Stock equal to the excess of the fair market value of shares on the exercise date over the grant price.

F3 · balance_after: Includes 6,758 shares of unvested restricted stock previously granted pursuant to Farmer Mac's Amended and Restated 2008 Omnibus Incentive Plan. The grants of restricted stock have been described in detail in Farmer Mac's prior filings with the Securities and Exchange Commission.

SEC source: 0000845877-18-000141 · wf-form4_152969883424929.xml · nonDerivative · entry 2

Mullery Stephen P · CIK 0001551864 · EVP - General Counsel

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 18,284

F1 · shares: Transaction effected pursuant to a trading plan adopted by Mr. Mullery in accordance with Rule 10b5-1.

F2 · shares: In connection with the net share settlement of the exercise of 5,000 vested stock appreciation rights ("SARs") granted in October 2010 with a grant price of $10.43 per share, Mr. Mullery was entitled to receive 4,453 shares of the Federal Agricultural Mortgage Corporation's ("Farmer Mac") Class C Non-Voting Common Stock. Farmer Mac retained 2,151 shares to satisfy tax withholding requirements arising from the exercise, and 2,302 shares retained by Mr. Mullery were sold on June 22, 2018. The 547 shares reported as a disposition to the issuer of issuer equity securities represents the difference between the number of SARs exercised and the number of shares issuable as a result of the exercise. Each SAR represents the right to receive, upon exercise, the number of shares of Farmer Mac's Class C Non-Voting Common Stock equal to the excess of the fair market value of shares on the exercise date over the grant price.

F3 · balance_after: Includes 6,758 shares of unvested restricted stock previously granted pursuant to Farmer Mac's Amended and Restated 2008 Omnibus Incentive Plan. The grants of restricted stock have been described in detail in Farmer Mac's prior filings with the Securities and Exchange Commission.

SEC source: 0000845877-18-000141 · wf-form4_152969883424929.xml · nonDerivative · entry 1

Mullery Stephen P · CIK 0001551864 · EVP - General Counsel

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 20,435

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · shares: Transaction effected pursuant to a trading plan adopted by Mr. Mullery in accordance with Rule 10b5-1.

F2 · shares: In connection with the net share settlement of the exercise of 5,000 vested stock appreciation rights ("SARs") granted in October 2010 with a grant price of $10.43 per share, Mr. Mullery was entitled to receive 4,453 shares of the Federal Agricultural Mortgage Corporation's ("Farmer Mac") Class C Non-Voting Common Stock. Farmer Mac retained 2,151 shares to satisfy tax withholding requirements arising from the exercise, and 2,302 shares retained by Mr. Mullery were sold on June 22, 2018. The 547 shares reported as a disposition to the issuer of issuer equity securities represents the difference between the number of SARs exercised and the number of shares issuable as a result of the exercise. Each SAR represents the right to receive, upon exercise, the number of shares of Farmer Mac's Class C Non-Voting Common Stock equal to the excess of the fair market value of shares on the exercise date over the grant price.

F3 · balance_after: Includes 6,758 shares of unvested restricted stock previously granted pursuant to Farmer Mac's Amended and Restated 2008 Omnibus Incentive Plan. The grants of restricted stock have been described in detail in Farmer Mac's prior filings with the Securities and Exchange Commission.

SEC source: 0000845877-18-000072 · wf-form4_152278843186189.xml · nonDerivative · entry 1

Mullery Stephen P · CIK 0001551864 · SVP - General Counsel

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 15,435

F1 · shares: On March 31, 2018, (i) 1,620 shares of restricted stock vested that were granted in April 2015, upon the Federal Agricultural Mortgage Corporation's ("Farmer Mac") achievement of certain performance objectives related to portfolio charge-offs and delinquencies, as specified in the related award agreement, for which Farmer Mac retained 783 shares to satisfy withholding requirements, (ii) 1,080 shares of restricted stock vested as the third installment of the time-based award granted in April 2015, for which Farmer Mac retained 522 shares to satisfy withholding requirements, (iii) 1,082 shares of restricted stock vested as the second installment of the time-based award granted in March 2016, for which Farmer Mac retained 523 shares to satisfy withholding requirements, and (iv) 597 shares of restricted stock vested as the first installment of the time-based award granted in March 2017, for which Farmer Mac retained 289 shares to satisfy withholding requirements.

F2 · price: In accordance with a policy adopted by the Compensation Committee of Farmer Mac's Board of Directors, the price used for the calculation of the number of shares withheld by Farmer Mac in satisfaction of tax liability is the closing price of Farmer Mac's Class C Non-Voting Common Stock on the New York Stock Exchange on the last trading day before the vesting date.

F3 · balance_after: Includes 6,758 shares of unvested restricted stock previously granted pursuant to Farmer Mac's Amended and Restated 2008 Omnibus Incentive Plan. The grants of restricted stock have been described in detail in Farmer Mac's prior filings with the Securities and Exchange Commission.

SEC source: 0000845877-18-000055 · wf-form4_152114476773921.xml · derivative · entry 4

Mullery Stephen P · CIK 0001551864 · SVP - General Counsel

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 2,445

Underlying: Class C Non-Voting Common Stock · 2,445 shares

Expires 2028-03-13

F6 · price: Grant of stock appreciation rights under Farmer Mac's Amended and Restated 2008 Omnibus Incentive Plan for no consideration.

F5 · derivative.exercise_date: Exercisable beginning March 31, 2019 with respect to 815 shares, beginning March 31, 2020 with respect to 815 shares, and beginning March 31, 2021 with respect to 815 shares.

SEC source: 0000845877-18-000055 · wf-form4_152114476773921.xml · nonDerivative · entry 3

Mullery Stephen P · CIK 0001551864 · SVP - General Counsel

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 17,552

F4 · price: Grant of shares of performance-based restricted stock under Farmer Mac's Amended and Restated 2008 Omnibus Incentive Plan for no consideration. The shares will vest on March 31, 2021 if Farmer Mac meets certain performance objectives related to portfolio charge-offs and delinquencies, as specified in the related award agreement, for the period starting on January 1, 2018 and ending on December 31, 2020.

F2 · balance_after: Includes 9,175 shares of unvested restricted stock previously granted pursuant to Farmer Mac's Amended and Restated 2008 Omnibus Incentive Plan. The grants of restricted stock have been described in detail in Farmer Mac's prior filings with the Securities and Exchange Commission.

SEC source: 0000845877-18-000055 · wf-form4_152114476773921.xml · nonDerivative · entry 2

Mullery Stephen P · CIK 0001551864 · SVP - General Counsel

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 17,225

F3 · price: Grant of shares of performance-based restricted stock under Farmer Mac's Amended and Restated 2008 Omnibus Incentive Plan for no consideration. The shares will vest on March 31, 2021 if the Farmer Mac maintains compliance with all applicable regulatory capital requirements between January 1, 2018 and December 31, 2020, with the percentage of shares that will vest to be determined by the Compensation Committee of Farmer Mac's Board of Directors.

F2 · balance_after: Includes 9,175 shares of unvested restricted stock previously granted pursuant to Farmer Mac's Amended and Restated 2008 Omnibus Incentive Plan. The grants of restricted stock have been described in detail in Farmer Mac's prior filings with the Securities and Exchange Commission.

SEC source: 0000845877-18-000055 · wf-form4_152114476773921.xml · nonDerivative · entry 1

Mullery Stephen P · CIK 0001551864 · SVP - General Counsel

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 16,898

F1 · price: Grant of shares of time-vested restricted stock under Farmer Mac's Amended and Restated 2008 Omnibus Incentive Plan for no consideration. Includes three installments of 436 shares of restricted stock, each of which will vest on March 31, 2019, March 31, 2020, and March 31, 2021, respectively.

F2 · balance_after: Includes 9,175 shares of unvested restricted stock previously granted pursuant to Farmer Mac's Amended and Restated 2008 Omnibus Incentive Plan. The grants of restricted stock have been described in detail in Farmer Mac's prior filings with the Securities and Exchange Commission.

SEC source: 0000845877-17-000074 · wf-form4_149125033813436.xml · nonDerivative · entry 1

Mullery Stephen P · CIK 0001551864 · SVP - General Counsel

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 15,590

F1 · shares: On March 31, 2017, (i) 1,500 shares of restricted stock vested that were granted in April 2014, upon the Federal Agricultural Mortgage Corporation's ("Farmer Mac") achievement of certain performance objectives related to portfolio charge-offs and delinquencies, as specified in the related award agreement, for which Farmer Mac retained 764 shares to satisfy withholding requirements, (ii) 990 shares of restricted stock vested as the third installment of the time-based award granted in April 2014, for which Farmer Mac retained 504 shares to satisfy withholding requirements, (iii) 1,080 shares of restricted stock vested as the second installment of the time-based award granted in April 2015, for which Farmer Mac retained 550 shares to satisfy withholding requirements, and (iv) 1,082 shares of restricted stock vested as the first installment of the time-based award granted in March 2016, for which Farmer Mac retained 551 shares to satisfy withholding requirements.

F2 · price: In accordance with a policy adopted by the Compensation Committee of Farmer Mac's Board of Directors, the price used for the calculation of the number of shares withheld by Farmer Mac in satisfaction of tax liability is the closing price of Farmer Mac's Class C Non-Voting Common Stock on the New York Stock Exchange on the last trading day before the vesting date.

F3 · balance_after: Includes 9,175 shares of unvested restricted stock previously granted pursuant to Farmer Mac's 2008 Omnibus Incentive Plan. The grants of restricted stock have been described in detail in Farmer Mac's prior filings with the Securities and Exchange Commission.

SEC source: 0000845877-17-000058 · wf-form4_148969475328249.xml · derivative · entry 4

Mullery Stephen P · CIK 0001551864 · SVP - General Counsel

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 3,381

Underlying: Class C Non-Voting Common Stock · 3,381 shares

Expires 2027-03-14

F6 · price: Grant of stock appreciation rights under Farmer Mac's 2008 Omnibus Incentive Plan for no consideration.

F5 · derivative.exercise_date: Exercisable beginning March 31, 2018 with respect to 1,127 shares, beginning March 31, 2019 with respect to 1,127 shares, and beginning March 31, 2020 with respect to 1,127 shares.

SEC source: 0000845877-17-000058 · wf-form4_148969475328249.xml · nonDerivative · entry 3

Mullery Stephen P · CIK 0001551864 · SVP - General Counsel

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 17,959

F4 · price: Grant of shares of performance-based restricted stock under Farmer Mac's 2008 Omnibus Incentive Plan for no consideration. The shares will vest on March 31, 2020 if Farmer Mac meets certain performance objectives related to portfolio charge-offs and delinquencies, as specified in the related award agreement, for the period starting on January 1, 2017 and ending on December 31, 2019.

F2 · balance_after: Includes 11,142 shares of unvested restricted stock previously granted pursuant to Farmer Mac's 2008 Omnibus Incentive Plan. The grants of restricted stock have been described in detail in Farmer Mac's prior filings with the Securities and Exchange Commission.

SEC source: 0000845877-17-000058 · wf-form4_148969475328249.xml · nonDerivative · entry 2

Mullery Stephen P · CIK 0001551864 · SVP - General Counsel

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 17,512

F3 · price: Grant of shares of performance-based restricted stock under Farmer Mac's 2008 Omnibus Incentive Plan for no consideration. The shares will vest on March 31, 2020 if the Farmer Mac maintains compliance with all applicable regulatory capital requirements between January 1, 2017 and December 31, 2019, with the percentage of shares that will vest to be determined by the Compensation Committee of Farmer Mac's Board of Directors.

F2 · balance_after: Includes 11,142 shares of unvested restricted stock previously granted pursuant to Farmer Mac's 2008 Omnibus Incentive Plan. The grants of restricted stock have been described in detail in Farmer Mac's prior filings with the Securities and Exchange Commission.

SEC source: 0000845877-17-000058 · wf-form4_148969475328249.xml · nonDerivative · entry 1

Mullery Stephen P · CIK 0001551864 · SVP - General Counsel

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 17,065

F1 · price: Grant of shares of time-vested restricted stock under the Federal Agricultural Mortgage Corporation's ("Farmer Mac") 2008 Omnibus Incentive Plan for no consideration. Includes three installments of 597 shares of restricted stock that will vest on March 31, 2018, March 31, 2019, and March 31, 2020, respectively.

F2 · balance_after: Includes 11,142 shares of unvested restricted stock previously granted pursuant to Farmer Mac's 2008 Omnibus Incentive Plan. The grants of restricted stock have been described in detail in Farmer Mac's prior filings with the Securities and Exchange Commission.

SEC source: 0000845877-16-000339 · wf-form4_147916360745232.xml · nonDerivative · entry 7

Mullery Stephen P · CIK 0001551864 · SVP - General Counsel

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 15,274

F4 · shares: Transaction effected pursuant to a trading plan adopted in accordance with Rule 10b5-1.

F5 · price: The price reported in Column 4 is a weighted average price. These shares of Class C Non-Voting Common Stock were sold in multiple transactions at prices ranging from $47.20 to $47.87, inclusive. The Reporting Person undertakes to provide to Farmer Mac, any security holder of Farmer Mac, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote to Form 4.

F2 · balance_after: Includes 11,142 shares of unvested restricted stock previously granted pursuant to Farmer Mac's 2008 Omnibus Incentive Plan. The grants of restricted stock have been described in detail in Farmer Mac's prior filings with the Securities and Exchange Commission.

SEC source: 0000845877-16-000339 · wf-form4_147916360745232.xml · derivative · entry 9

Mullery Stephen P · CIK 0001551864 · SVP - General Counsel

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 0

Underlying: Class C Non-Voting Common Stock · 5,000 shares

Expires 2019-10-07

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F3 · shares: Mr. Mullery received 2,053 shares of the Farmer Mac's Class C Non-Voting Common Stock upon net share settlement of his exercise of 5,000 stock appreciation rights with a grant price of $7.78 per share. That exercise entitled Mr. Mullery to receive 4,182 shares of the Corporation's Class C Non-Voting Common Stock, and 2,129 shares were retained by Farmer Mac to satisfy tax withholding requirements arising from the exercise. Each stock appreciation right represents the right to receive, upon exercise, the number of shares of Farmer Mac's Class C Non-Voting Common Stock equal to the excess of the fair market value of shares on the exercise date over the grant price.

F6 · derivative.exercise_date: Exercisable beginning August 31, 2010 with respect to 1,667 shares, beginning August 31, 2011 with respect to 1,667 shares, and beginning August 31, 2012 with respect to 1,666 shares.

SEC source: 0000845877-16-000339 · wf-form4_147916360745232.xml · derivative · entry 8

Mullery Stephen P · CIK 0001551864 · SVP - General Counsel

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 0

Underlying: Class C Non-Voting Common Stock · 2,000 shares

Expires 2017-10-03

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · shares: This report reflects (on Table I) (a) the acquisition of 2,000 shares of the Federal Agricultural Mortgage Corporation's ("Farmer Mac") Class C Non-Voting Common Stock through the exercise of a stock option acquired by the Reporting Person in October 2007 at a grant price of $32.77 pursuant to former Rule 16b-3; (b) the net share settlement of his exercise, which entitled Mr. Mullery to receive 2,000 shares, of which (i) 316 were retained by Farmer Mac to satisfy tax withholding requirements arising from the exercise, (ii) 1,380 were delivered to Farmer Mac to cover the exercise cost, and (iii) 304 were delivered to Mr. Mullery; (c) the sale of 304 shares (included in the total of 2,357 shares sold reported on Table I); and (on Table II) (d) the exercise of the October 2007 employee stock option. The exercise of the October 2007 employee stock option is exempt under Section 16(b) under Rule 16b-6 but is reported herein pursuant to Rule 16a-4.

SEC source: 0000845877-16-000339 · wf-form4_147916360745232.xml · nonDerivative · entry 6

Mullery Stephen P · CIK 0001551864 · SVP - General Counsel

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 17,631

F3 · shares: Mr. Mullery received 2,053 shares of the Farmer Mac's Class C Non-Voting Common Stock upon net share settlement of his exercise of 5,000 stock appreciation rights with a grant price of $7.78 per share. That exercise entitled Mr. Mullery to receive 4,182 shares of the Corporation's Class C Non-Voting Common Stock, and 2,129 shares were retained by Farmer Mac to satisfy tax withholding requirements arising from the exercise. Each stock appreciation right represents the right to receive, upon exercise, the number of shares of Farmer Mac's Class C Non-Voting Common Stock equal to the excess of the fair market value of shares on the exercise date over the grant price.

F2 · balance_after: Includes 11,142 shares of unvested restricted stock previously granted pursuant to Farmer Mac's 2008 Omnibus Incentive Plan. The grants of restricted stock have been described in detail in Farmer Mac's prior filings with the Securities and Exchange Commission.

SEC source: 0000845877-16-000339 · wf-form4_147916360745232.xml · nonDerivative · entry 5

Mullery Stephen P · CIK 0001551864 · SVP - General Counsel

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 18,449

F3 · shares: Mr. Mullery received 2,053 shares of the Farmer Mac's Class C Non-Voting Common Stock upon net share settlement of his exercise of 5,000 stock appreciation rights with a grant price of $7.78 per share. That exercise entitled Mr. Mullery to receive 4,182 shares of the Corporation's Class C Non-Voting Common Stock, and 2,129 shares were retained by Farmer Mac to satisfy tax withholding requirements arising from the exercise. Each stock appreciation right represents the right to receive, upon exercise, the number of shares of Farmer Mac's Class C Non-Voting Common Stock equal to the excess of the fair market value of shares on the exercise date over the grant price.

F2 · balance_after: Includes 11,142 shares of unvested restricted stock previously granted pursuant to Farmer Mac's 2008 Omnibus Incentive Plan. The grants of restricted stock have been described in detail in Farmer Mac's prior filings with the Securities and Exchange Commission.

SEC source: 0000845877-16-000339 · wf-form4_147916360745232.xml · nonDerivative · entry 4

Mullery Stephen P · CIK 0001551864 · SVP - General Counsel

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 20,578

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F3 · shares: Mr. Mullery received 2,053 shares of the Farmer Mac's Class C Non-Voting Common Stock upon net share settlement of his exercise of 5,000 stock appreciation rights with a grant price of $7.78 per share. That exercise entitled Mr. Mullery to receive 4,182 shares of the Corporation's Class C Non-Voting Common Stock, and 2,129 shares were retained by Farmer Mac to satisfy tax withholding requirements arising from the exercise. Each stock appreciation right represents the right to receive, upon exercise, the number of shares of Farmer Mac's Class C Non-Voting Common Stock equal to the excess of the fair market value of shares on the exercise date over the grant price.

F2 · balance_after: Includes 11,142 shares of unvested restricted stock previously granted pursuant to Farmer Mac's 2008 Omnibus Incentive Plan. The grants of restricted stock have been described in detail in Farmer Mac's prior filings with the Securities and Exchange Commission.

SEC source: 0000845877-16-000339 · wf-form4_147916360745232.xml · nonDerivative · entry 3

Mullery Stephen P · CIK 0001551864 · SVP - General Counsel

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 15,578

F1 · shares: This report reflects (on Table I) (a) the acquisition of 2,000 shares of the Federal Agricultural Mortgage Corporation's ("Farmer Mac") Class C Non-Voting Common Stock through the exercise of a stock option acquired by the Reporting Person in October 2007 at a grant price of $32.77 pursuant to former Rule 16b-3; (b) the net share settlement of his exercise, which entitled Mr. Mullery to receive 2,000 shares, of which (i) 316 were retained by Farmer Mac to satisfy tax withholding requirements arising from the exercise, (ii) 1,380 were delivered to Farmer Mac to cover the exercise cost, and (iii) 304 were delivered to Mr. Mullery; (c) the sale of 304 shares (included in the total of 2,357 shares sold reported on Table I); and (on Table II) (d) the exercise of the October 2007 employee stock option. The exercise of the October 2007 employee stock option is exempt under Section 16(b) under Rule 16b-6 but is reported herein pursuant to Rule 16a-4.

F2 · balance_after: Includes 11,142 shares of unvested restricted stock previously granted pursuant to Farmer Mac's 2008 Omnibus Incentive Plan. The grants of restricted stock have been described in detail in Farmer Mac's prior filings with the Securities and Exchange Commission.

SEC source: 0000845877-16-000339 · wf-form4_147916360745232.xml · nonDerivative · entry 2

Mullery Stephen P · CIK 0001551864 · SVP - General Counsel

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 16,958

F1 · shares: This report reflects (on Table I) (a) the acquisition of 2,000 shares of the Federal Agricultural Mortgage Corporation's ("Farmer Mac") Class C Non-Voting Common Stock through the exercise of a stock option acquired by the Reporting Person in October 2007 at a grant price of $32.77 pursuant to former Rule 16b-3; (b) the net share settlement of his exercise, which entitled Mr. Mullery to receive 2,000 shares, of which (i) 316 were retained by Farmer Mac to satisfy tax withholding requirements arising from the exercise, (ii) 1,380 were delivered to Farmer Mac to cover the exercise cost, and (iii) 304 were delivered to Mr. Mullery; (c) the sale of 304 shares (included in the total of 2,357 shares sold reported on Table I); and (on Table II) (d) the exercise of the October 2007 employee stock option. The exercise of the October 2007 employee stock option is exempt under Section 16(b) under Rule 16b-6 but is reported herein pursuant to Rule 16a-4.

F2 · balance_after: Includes 11,142 shares of unvested restricted stock previously granted pursuant to Farmer Mac's 2008 Omnibus Incentive Plan. The grants of restricted stock have been described in detail in Farmer Mac's prior filings with the Securities and Exchange Commission.

SEC source: 0000845877-16-000339 · wf-form4_147916360745232.xml · nonDerivative · entry 1

Mullery Stephen P · CIK 0001551864 · SVP - General Counsel

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 17,274

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · shares: This report reflects (on Table I) (a) the acquisition of 2,000 shares of the Federal Agricultural Mortgage Corporation's ("Farmer Mac") Class C Non-Voting Common Stock through the exercise of a stock option acquired by the Reporting Person in October 2007 at a grant price of $32.77 pursuant to former Rule 16b-3; (b) the net share settlement of his exercise, which entitled Mr. Mullery to receive 2,000 shares, of which (i) 316 were retained by Farmer Mac to satisfy tax withholding requirements arising from the exercise, (ii) 1,380 were delivered to Farmer Mac to cover the exercise cost, and (iii) 304 were delivered to Mr. Mullery; (c) the sale of 304 shares (included in the total of 2,357 shares sold reported on Table I); and (on Table II) (d) the exercise of the October 2007 employee stock option. The exercise of the October 2007 employee stock option is exempt under Section 16(b) under Rule 16b-6 but is reported herein pursuant to Rule 16a-4.

F2 · balance_after: Includes 11,142 shares of unvested restricted stock previously granted pursuant to Farmer Mac's 2008 Omnibus Incentive Plan. The grants of restricted stock have been described in detail in Farmer Mac's prior filings with the Securities and Exchange Commission.

SEC source: 0000845877-16-000311 · wf-form4_147431907332752.xml · derivative · entry 5

Mullery Stephen P · CIK 0001551864 · SVP - General Counsel

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 0

Underlying: Class C Non-Voting Common Stock · 4,000 shares

Expires 2018-10-02

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · shares: Mr. Mullery received 1,840 shares of the Federal Agricultural Mortgage Corporation's ("Farmer Mac") Class C Non-Voting Common Stock upon net share settlement of his exercise of 4,000 stock appreciation rights with a grant price of $7.35 per share. That exercise entitled Mr. Mullery to receive 3,305 shares of Farmer Mac's Class C Non-Voting Common Stock, and 1,465 shares were retained by Farmer Mac's to satisfy tax withholding requirements arising from the exercise. Each stock appreciation right represents the right to receive, upon exercise, the number of shares of Farmer Mac's Class C Non-Voting Common Stock equal to the excess of the fair market value of shares on the exercise date over the grant price.

SEC source: 0000845877-16-000311 · wf-form4_147431907332752.xml · nonDerivative · entry 4

Mullery Stephen P · CIK 0001551864 · SVP - General Counsel

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 15,274

F3 · shares: Transaction effected pursuant to a trading plan adopted in accordance with Rule 10b5-1.

F4 · price: The price reported in Column 4 is a weighted average price. These shares of Class C Non-Voting Common Stock were sold in multiple transactions at prices ranging from $41.04 to $41.50, inclusive. The Reporting Person undertakes to provide to Farmer Mac, any security holder of Farmer Mac, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote to Form 4.

F2 · balance_after: Includes 11,142 shares of unvested restricted stock previously granted pursuant to Farmer Mac's 2008 Omnibus Incentive Plan. The grants of restricted stock have been described in detail in Farmer Mac's prior filings with the Securities and Exchange Commission.

SEC source: 0000845877-16-000311 · wf-form4_147431907332752.xml · nonDerivative · entry 3

Mullery Stephen P · CIK 0001551864 · SVP - General Counsel

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 17,114

F1 · shares: Mr. Mullery received 1,840 shares of the Federal Agricultural Mortgage Corporation's ("Farmer Mac") Class C Non-Voting Common Stock upon net share settlement of his exercise of 4,000 stock appreciation rights with a grant price of $7.35 per share. That exercise entitled Mr. Mullery to receive 3,305 shares of Farmer Mac's Class C Non-Voting Common Stock, and 1,465 shares were retained by Farmer Mac's to satisfy tax withholding requirements arising from the exercise. Each stock appreciation right represents the right to receive, upon exercise, the number of shares of Farmer Mac's Class C Non-Voting Common Stock equal to the excess of the fair market value of shares on the exercise date over the grant price.

F2 · balance_after: Includes 11,142 shares of unvested restricted stock previously granted pursuant to Farmer Mac's 2008 Omnibus Incentive Plan. The grants of restricted stock have been described in detail in Farmer Mac's prior filings with the Securities and Exchange Commission.

SEC source: 0000845877-16-000311 · wf-form4_147431907332752.xml · nonDerivative · entry 2

Mullery Stephen P · CIK 0001551864 · SVP - General Counsel

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 17,809

F1 · shares: Mr. Mullery received 1,840 shares of the Federal Agricultural Mortgage Corporation's ("Farmer Mac") Class C Non-Voting Common Stock upon net share settlement of his exercise of 4,000 stock appreciation rights with a grant price of $7.35 per share. That exercise entitled Mr. Mullery to receive 3,305 shares of Farmer Mac's Class C Non-Voting Common Stock, and 1,465 shares were retained by Farmer Mac's to satisfy tax withholding requirements arising from the exercise. Each stock appreciation right represents the right to receive, upon exercise, the number of shares of Farmer Mac's Class C Non-Voting Common Stock equal to the excess of the fair market value of shares on the exercise date over the grant price.

F2 · balance_after: Includes 11,142 shares of unvested restricted stock previously granted pursuant to Farmer Mac's 2008 Omnibus Incentive Plan. The grants of restricted stock have been described in detail in Farmer Mac's prior filings with the Securities and Exchange Commission.

SEC source: 0000845877-16-000311 · wf-form4_147431907332752.xml · nonDerivative · entry 1

Mullery Stephen P · CIK 0001551864 · SVP - General Counsel

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 19,274

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · shares: Mr. Mullery received 1,840 shares of the Federal Agricultural Mortgage Corporation's ("Farmer Mac") Class C Non-Voting Common Stock upon net share settlement of his exercise of 4,000 stock appreciation rights with a grant price of $7.35 per share. That exercise entitled Mr. Mullery to receive 3,305 shares of Farmer Mac's Class C Non-Voting Common Stock, and 1,465 shares were retained by Farmer Mac's to satisfy tax withholding requirements arising from the exercise. Each stock appreciation right represents the right to receive, upon exercise, the number of shares of Farmer Mac's Class C Non-Voting Common Stock equal to the excess of the fair market value of shares on the exercise date over the grant price.

F2 · balance_after: Includes 11,142 shares of unvested restricted stock previously granted pursuant to Farmer Mac's 2008 Omnibus Incentive Plan. The grants of restricted stock have been described in detail in Farmer Mac's prior filings with the Securities and Exchange Commission.